Finance Committee, May 13, 2015

DRAFT Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

Wednesday, May 13, 2015--Carriage House

 

Present:  Greg Roth (Chair), Mary Brunet, Jack Dupre, Larry Schmidt, Larry Thompson, Heather Young and Bill Stephens   

 

Absent:  Ryan Comiskey, Marjorie Noble , Nadine Walsworth and Steve Zwick

 

Greg Roth called the meeting to order at 7:03 p.m., beginning with an opening prayer.

 

Approval of Minutes

Larry Thompson moved and Jack Dupre seconded to approve the April 2015 Finance Committee meeting minutes.  The motion was passed unanimously. 

 

Finance Report

Larry Schmidt reviewed the financial statements for April 2015.  During the month the main checking account balance rose by $7,023.50 to a new balance of $70,359.82.  The operating fund balance increased by $5,071.08 to a new balance of $30,721.51. 

 

Year-to-date (YTD) pledges and gifts were $236,765.79, which is 100.33% of the YTD budgeted amount.  Total YTD income was $273,038.67, which is 101.45% of the YTD budgeted amount.  YTD total expenses were $256,613.03, which is 96.61% of the YTD budgeted amount.  Overall, YTD total income has exceeded YTD total expenses by $16,425.64.

 

The following items also were noted:  The YTD excess of income over expenses shows an improvement of $27,596.54 vs. last year which is encouraging news.  Next year we will consider making Discipleship (under the Adult Ministries category) an in/out account to better reflect its usage.

 

Discussion of “Shift”

We reviewed Greg’s report on the “Shift” Chapter 5 items pertaining to Finance.  There was considerable discussion on goals, but we decided that we weren’t ready to recommend specific changes.  The discussion will continue at the next meeting.

 

Other Business

Greg may not be able to make the next meeting.  If that is the case, Larry Thompson agreed to chair the meeting.

 

The meeting adjourned at 8:20 p.m. with a prayer by Bill Stephens.

 

Next meeting: 7:00 p.m. June 10 , 2015, Carriage House

 

Respectfully submitted by Jack Dupre

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Wed, 05/13/2015 - 19:00